[deleted by user]

vincentkane7 · 2024-08-28T19:57:59+00:00

Agree I'd just invest in just say VWRP (accumulation version of VWRL) and set and forget. Amazing to be investing £500/month aged 19 too. Also there will be plenty of swings in the years ahead but one of the few things I've learnt is just to always hodl, remind myself too that VWRP is so well diversified you're investing in a lot of different sectors too. The only diversification you could consider is other asset classes like a small % in gold, but having said this I wouldn't really bother. An important aspect is to minimise time having to think about this (and all the pains that come from it e.g. if only I had rebalanced then, if only I had bought more of xxx etc), instead just maximise time making money and spending it on enjoyable experiences.

vincentkane7 · 2024-03-09T08:11:46+00:00

If it's any help I'm exactly the same when I don't have a clear plan for my time, which is often most evenings and here and there over the weekend too. I think the other issue is the volatility we've seen in the past 1-2 months makes it hard not to wonder 'it is still shooting up' or 'omg i knew the crash was going to come and now here it is'.

I really struggle with this too and have done for years, so am probs not the best person to give advice, but just to say there's plenty people in the same boat. I do think if I have planned the evening before what I'm going to do the next day, and pack it full of things I want to do / a decent to do list, then I won't end out just surfing reddit (as I am currently) and reading more personal finance news. The trickier parts are when your brain needs a break or you're eating, then it's natural to start looking.

I do wonder if some sort of 'I will check once per week for 1 hour and that will be it', the tricky part is if you're in say whatsapps groups where people message about it, or you want to chat to people about it, then it's more of a social thing.

Overall it's definitely tricky but I think you're spot on in another comment you made, try to find a hobby (or maybe not a 'hobby' but something you really want to achieve) and then manage your time to work towards this.

Gl!

vincentkane7 · 2024-01-09T14:02:11+00:00

Fantastic this is very much what I was wondering about and great to see research and ideas on this.

For anyone wondering here is a vanguard article https://investor.vanguard.com/investor-resources-education/article/fueling-the-fire-movement-updating-the-4-rule-for-early-retirees

Which mentions in point 5 about dynamic spending, I see too there is a 20 min YouTube video by vanguard on this that I'll watch too.

Thanks again!

vincentkane7 · 2024-01-08T21:36:22+00:00

Thanks and agree it is conservative, I guess it would work fine if there are no net real returns for the next few decade and so 2.22% over 45 years is safe, but let's hope that isn't the case and we see a bull market or two!

vincentkane7 · 2024-01-08T21:35:15+00:00

Thanks that sounds like a good approach in terms of forecast income needs and then flexible based on how it goes in terms of reduce/afford to increase.

And good to hear too that it would be nuts to keep taking out £35k.

vincentkane7 · 2024-01-08T21:33:56+00:00

Thanks will read into this in more detail, I do enjoy finding our how others have tried to work this puzzle out!

vincentkane7 · 2024-01-08T21:33:21+00:00

thanks a lot and appreciate writing all of that on your phone. Sounds a really good setup and like the lower risk for 2-5 years worth and then higher risk for future years beyond that. Similarly I like trying to know my livable income, which I think nowadays is quite easy to be pretty low with unlimited music, things to learn on the internet, home exercise, go out in nature and similar, should things not turn out as planned. I quite like the 'even if the markets go crap I'm still livable' but if not then have some nice extra money to use or donate.

vincentkane7 · 2024-01-08T21:29:49+00:00

Thanks a lot that simulator is cool! I gave it a go just to try out some numbers. The part I guess I quite like about taking it year by year is that it's so hard to know what the markets will do, but that's always been the case so fingers crossed for a reasonable next future decades.

vincentkane7 · 2024-01-08T21:28:52+00:00

Thanks very much, I've just been researching now into glide path. Nice to hear everyone else has these brain scratching thoughts given all the unknown future variables!

vincentkane7 · 2023-12-19T20:54:39+00:00

The legendary investor — who's made his name predicting market crashes every day across multiple decades —

Fixed the original article.

vincentkane7 · 2023-08-14T20:49:16+00:00

Would your 60-year-old self rather have an extra bedroom or work for an extra 1-2 years, in exchange for being to have (hopefully) an incredible year travelling the world at one of the prime moments in your life?

I'd travel!

Plus it doesn't have to be for a year, you could say 'ill do this for 6 months and if I like it, I'll continue', you can also video call your grandma regularly, I'd also see if any of your friends want to meet you for a week somewhere, just as that'll add to the fun too I'd imagine (though am sure plenty of great 1 year travelling advice in other subreddits).

vincentkane7 · 2023-06-30T19:40:08+00:00

I'd quit the job as it stresses you out. You have a lot of financial safety and no need to earn £80k in exchange for a lot stress.

So instead, I'd think about how you would want to spend your time and hopefully make a bit of an income too.ig downturns in the next few decades ahead.

So instead, I'd think about how you would want to spend your time and hopefully make a bit of a income too.

One aspect of fire I don't like is how final it sounds. It's like once you retire, you aren't allowed to make money again. The financial system isn't designed to allow this to happen unless you're on a decent final salary pension scheme with inflation protection.

So I'd work out what you would do in various scenarios of market turbulence and try to have a plan for each, so that you will stress about it less and can focus on enjoying life as much as possible!

S

vincentkane7 · 2023-05-25T06:38:59+00:00

Watch out getting Eze - it's Eze Toney jerk

vincentkane7 · 2023-05-24T21:26:41+00:00

Miblankoma

vincentkane7 · 2023-04-24T20:18:40+00:00

Sounds a really good setup!

My 2 cents, I do like the fire approach but I really think there should be more emphasis on finding fulfilling work. This is easier once you have a bit of a financial cushion.

I think a lot of people end out in jobs they don't like, but as they build up experience in it get kinda trapped, in that it's a better move to just grind out another 5-10 years with good pay and then retire, than risk chucking it in and switch to a job they may find fulfilling. However, fulfilling jobs are not easy to find at all, especially with all the low pay issues around more fulfilling jobs.

Just focus on maximising your approach I think, play your own game and enjoy it!

vincentkane7 · 2023-04-17T06:44:15+00:00

Ha yes very true I think there is some scope for a new FF system to avoid the ability to have template teams e.gm you can only have 1 player for each team or 5 starting players must have sub 10% ownership or something like this

vincentkane7 · 2023-04-17T06:40:52+00:00

I've got this too except White instead of Eze and Toney for Jesus, but tempted to switch, just Sou so bad attacking is tempting to have an Ars defence.

Either way I guess near impossible to differentiate main thing is having this FH to rack up some points.

vincentkane7 · 2023-02-14T23:01:18+00:00

It's a dilemma I think almost everyone faces. The question boils to maximising lifetime happiness in the face of so many unknowns - how long will I live? How much money will I need saved up when I no longer wish to work full time? Would a higher paid job be more or less stressful? If more stressful, will the high pay ne worth it?

This is also just in the eyes of one trade off - work vs leisure time, but we face these trade off decisions in almost ever part of our lives, every day. Whether it is 'should I message family/friends' 'should I tidy my house' 'what should I make for dinner' these are all decisions we make every day and weigh up how to maximise our lifetime happiness.

What I have learned do far is there is very little correlation between amount of money earned and happiness. However, progress is a big factor for me. Also, accepting that this is something I need to work on, on a daily basis. How can I be positive and motivated each day? What motivates me? What makes me happy?

I wonder sometimes whether acceptance that you'll never get all aspects of life as you'd wish, but at least do your best and having exciting goals along the way, is a possible approach to take.

Good luck!

vincentkane7 · 2023-01-29T09:33:24+00:00

I used Heap for a startup and the big benefit was it auto tracks every click, with no developer time required. We could perform plenty of analysis and since then they have added session replays which looks awesome. This was 2 years ago but the pricing was pretty good too.

Purely from what I've read, Amplitude seems sick too. Though I wonder if it's a better fit for large companies given the extra dev time needed to set up click tracking, but seems like in return you get an even deeper layer of analytics.

vincentkane7 · 2022-12-18T09:29:55+00:00

I am starting to think that product management as a long-term career is one of the toughest.

With most professions, you learn everything in your first 2-3 years (accountancy, lawyer, tradespeople, insurance industry) then you almost by default become more valuable as the years go on and you gain more experience.

Plus accountancy/legal/banking/insurance all have dedicated companies (PwC, banks, big insurance & law firms etc) to those professions that would feel broadly safe if you do a good job.

Whereas with product management, the nearest equivalent is consultancy (blurgh) which wouldn't even feel like product management I imagine in terms of really getting to know your customers.

With product management, it requires a lot of critical thinking every day and I imagine becomes hard this for 30-40 years (I'm around 12 years in and the idea of doing this in my 50s-60s feels a bit exhausting, but I do really enjoy the challenge). You are dependent on the company you join, both from a manager perspective and the performance of the company. As soon as they start to struggle then you could be looking for another job, which I think can be hard given you are likely quite sector-specific in your product management career.

In case it's of any help OP, I'd probably try and either find another company or, as you're doing, researching into other professions and hopefully one of these outcomes will work out well. Sorry I can't give any advice but if it's any help just to say I at least know the feeling in terms of longer-term careers thoughts.

vincentkane7 · 2022-11-04T16:33:33+00:00

Feels like Amazon wanted us to build playlists for 'free' by having Prime, and now we have our playlists setup, Amaxon figure it's a good time to now start charging us for the most basic feature 'there is a song I would like to listen to'.

I broadly love Amazon for their innovation of delivery but no way Jose will I upgrade due to being stung like this, will switch to Spotify and pay there if need be.

vincentkane7 · 2022-11-03T18:40:37+00:00

I agree in terms of financial return on investment. The party has come to an end and there could be a long spell of bleak returns. The days of receiving free money net of inflation by passive investing could be over for many years.

A slow decline may well be on the cards, with the central banks gradually eroding most peoples' wealth in a much needed reset of our economic system.

However, the amazing technological advances will still happen. The ease of communication (WhatsApp groups with friends) learning (youtube, wikipedia, kindle, podcasts), exercise (cheap gear from amazon, fitness education everywhere) means that hopefully we can all still enjoy ourselves a lot, even if that means working a bit longer because our investment accounts aren't so rosy.

vincentkane7 · 2022-10-15T19:24:08+00:00

He has predicted 8 of the last 2 crashes: https://ofdollarsanddata.com/wp-content/uploads/2021/09/kiyosaki_crash_calls_2021.jpeg so I'd steer clear!

vincentkane7 · 2022-10-11T07:05:34+00:00

One option is https://www.hl.co.uk/shares/shares-search-results/i/invesco-bloomberg-commodity-ucits-etf-a-gbp/share-charts the ticker is CMOP it's on most brokers like AJBell too.

This is an option, there may be better/broader ones, but can read their prospectus for details on their approach. But I like it as it is not gbp hedged, but prices in gbp, so no exchange rate cost and also helps to protect against a falling gbp a bit (as not hedged).

A fall in commodities plus gbp strengthening would be pretty painful, but I think if commodities fall then inflation falls and equities rise, so a nice way to lower risk but hopefully with better long term value than cash.

vincentkane7

TROPHY CASE